83_FR_19211 83 FR 19127 - Self-Regulatory Organizations; NYSE National, Inc.; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change To Support the Re-Launch of NYSE National, Inc. on the Pillar Trading Platform

83 FR 19127 - Self-Regulatory Organizations; NYSE National, Inc.; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change To Support the Re-Launch of NYSE National, Inc. on the Pillar Trading Platform

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 84 (May 1, 2018)

Page Range19127-19128
FR Document2018-09110

Federal Register, Volume 83 Issue 84 (Tuesday, May 1, 2018) 
[Federal Register Volume 83, Number 84 (Tuesday, May 1, 2018)]
[Notices]
[Pages 19127-19128]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-09110]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-83100; File No. SR-NYSENAT-2018-02]


Self-Regulatory Organizations; NYSE National, Inc.; Notice of 
Designation of a Longer Period for Commission Action on Proposed Rule 
Change To Support the Re-Launch of NYSE National, Inc. on the Pillar 
Trading Platform

April 25, 2018.
    On February 21, 2018, NYSE National, Inc. (the ``Exchange'' or 
``NYSE National'') filed with the Securities and Exchange Commission 
(``Commission''), pursuant to Section 19(b)(1) of the Securities 
Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4 thereunder,\2\ a 
proposed rule change, in connection with the re-launch of the Exchange 
on the Pillar trading platform. The Exchange proposes: (1) Amendments 
to Article V, Sections 5.01 and 5.8 of the Fourth Amended and Restated 
Bylaws of NYSE National (``Bylaws''); (2) new rules based on the rules 
of the Exchange's affiliates relating to (a) trading securities on an 
unlisted trading privileges basis (Rules 5 and 8), (b) trading on the 
Pillar trading platform (Rules 1 and 7), (c) disciplinary rules (Rule 
10), and (d) administration of the Exchange (Rules 3, 12, and 13); (3) 
rule changes that renumber current Exchange rules relating to (a) 
membership (Rule 2), (b) order audit trail requirements (Rule 6), and 
(c) business conduct, books and records, supervision, extensions of 
credit, and trading practices (Rule 11); and (4) deletion of Chapters 
I--XVI and the rules contained therein. The proposed rule change was 
published for comment in the Federal Register on March 13,

[[Page 19128]]

2018.\3\ The Commission received no comments on the proposed rule 
change.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 82819 (March 7, 
2018), 83 FR 11098 (March 13, 2018).
---------------------------------------------------------------------------

    Section 19(b)(2) of the Act \4\ provides that, within 45 days of 
the publication of notice of the filing of a proposed rule change, or 
within such longer period up to 90 days as the Commission may designate 
if it finds such longer period to be appropriate and publishes its 
reasons for so finding or as to which the self-regulatory organization 
consents, the Commission shall either approve the proposed rule change, 
disapprove the proposed rule change, or institute proceedings to 
determine whether the proposed rule change should be disapproved. The 
45th day after publication of the notice for this proposed rule change 
is April 27, 2018. The Commission is extending this 45-day time period.
---------------------------------------------------------------------------

    \4\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------

    The Commission finds that it is appropriate to designate a longer 
period within which to take action on the proposed rule change so that 
it has sufficient time to consider the proposed rule change. 
Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\5\ designates June 11, 2018 as the date by which the Commission 
shall either approve or disapprove or institute proceedings to 
determine whether to disapprove the proposed rule change (File Number 
SR-NYSENAT-2018-02).
---------------------------------------------------------------------------

    \5\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
Eduardo A. Aleman,
Assistant Secretary.
---------------------------------------------------------------------------

    \6\ 17 CFR 200.30-3(a)(31).
---------------------------------------------------------------------------

[FR Doc. 2018-09110 Filed 4-30-18; 8:45 am]
BILLING CODE 8011-01-P

Federal Register / Vol. 83, No. 84 / Tuesday, May 1, 2018 / Notices 19127 change, or within such longer period up Office of Management and Budget for under the PRA unless it displays a to 90 days as the Commission may extension and approval. currently valid OMB control number. designate if it finds such longer period Rule 17Ad–6 requires every registered Please direct your written comments to be appropriate and publishes its transfer agent to make and keep current to: Pamela Dyson, Director/Chief reasons for so finding or as to which the records about a variety of information, Information Officer, Securities and self-regulatory organization consents, such as: (1) Specific operational data Exchange Commission, c/o Remi Pavlik- the Commission shall either approve the regarding the time taken to perform Simon, 100 F Street NE, Washington, proposed rule change, disapprove the transfer agent activities (to ensure DC 20549, or send an email to: PRA_ proposed rule change, or institute compliance with the minimum Mailbox@sec.gov. proceedings to determine whether the performance standards in Rule 17Ad–2 proposed rule change should be (17 CFR 240.17Ad–2)); (2) written Dated: April 24, 2018. disapproved. The 45th day after inquiries and requests by shareholders Eduardo A. Aleman, publication of the notice for this and broker-dealers and response time Assistant Secretary. proposed rule change is May 5, 2018. thereto; (3) resolutions, contracts, or [FR Doc. 2018–09094 Filed 4–30–18; 8:45 am] The Commission is extending this 45- other supporting documents concerning BILLING CODE 8011–01–P day time period. the appointment or termination of the The Commission finds that it is transfer agent; (4) stop orders or notices appropriate to designate a longer period of adverse claims to the securities; and SECURITIES AND EXCHANGE within which to take action on the (5) all canceled registered securities COMMISSION proposed rule change so that it has certificates. sufficient time to consider the proposed Rule 17Ad–7 requires each registered rule change. Accordingly, the [Release No. 34–83100; File No. SR– transfer agent to retain the records NYSENAT–2018–02] Commission, pursuant to Section specified in Rule 17Ad–6 in an easily 19(b)(2) of the Act,5 designates June 19, accessible place for a period of six Self-Regulatory Organizations; NYSE 2018, as the date by which the months to six years, depending on the National, Inc.; Notice of Designation of Commission shall either approve or type of record or document. Rule a Longer Period for Commission disapprove or institute proceedings to 17Ad–7 also specifies the manner in Action on Proposed Rule Change To determine whether to disapprove the which records may be maintained using Support the Re-Launch of NYSE proposed rule change (File Number SR- electronic, microfilm, and microfiche National, Inc. on the Pillar Trading CboeBZX–2018–019). storage methods. Platform For the Commission, by the Division of These recordkeeping requirements are Trading and Markets, pursuant to delegated designed to ensure that all registered April 25, 2018. authority.6 transfer agents are maintaining the On February 21, 2018, NYSE Eduardo A. Aleman, records necessary for them to monitor National, Inc. (the ‘‘Exchange’’ or Assistant Secretary. and keep control over their own ‘‘NYSE National’’) filed with the [FR Doc. 2018–09112 Filed 4–30–18; 8:45 am] performance and for the Commission to Securities and Exchange Commission BILLING CODE 8011–01–P adequately examine registered transfer (‘‘Commission’’), pursuant to Section agents on an historical basis for 19(b)(1) of the Securities Exchange Act compliance with applicable rules. of 1934 (‘‘Act’’) 1 and Rule 19b–4 SECURITIES AND EXCHANGE The Commission estimates that thereunder,2 a proposed rule change, in COMMISSION approximately 382 registered transfer connection with the re-launch of the agents will spend a total of 191,000 Exchange on the Pillar trading platform. Proposed Collection; Comment hours per year complying with Rules The Exchange proposes: (1) Request 17Ad–6 and 17Ad–7 (500 hours per year Amendments to Article V, Sections 5.01 Upon Written Request, Copies Available per transfer agent). and 5.8 of the Fourth Amended and From: Securities and Exchange Written comments are invited on: (a) Restated Bylaws of NYSE National Commission, Office of FOIA Services, Whether the proposed collection of (‘‘Bylaws’’); (2) new rules based on the 100 F Street NE, Washington, DC information is necessary for the proper rules of the Exchange’s affiliates relating 20549–2736 performance of the functions of the to (a) trading securities on an unlisted Extension: Commission, including whether the trading privileges basis (Rules 5 and 8), Rules 17Ad–6 and 17Ad–7, SEC File No. information shall have practical utility; (b) trading on the Pillar trading platform 270–151, OMB Control No. 3235–0291 (b) the accuracy of the Commission’s (Rules 1 and 7), (c) disciplinary rules Notice is hereby given that, pursuant estimates of the burden of the proposed (Rule 10), and (d) administration of the to the Paperwork Reduction Act of 1995 collection of information; (c) ways to Exchange (Rules 3, 12, and 13); (3) rule (44 U.S.C. 3501 et seq.), the Securities enhance the quality, utility, and clarity changes that renumber current and Exchange Commission of the information on respondents; and Exchange rules relating to (a) (‘‘Commission’’) is soliciting comments (d) ways to minimize the burden of the membership (Rule 2), (b) order audit on the existing collection of information collection of information on trail requirements (Rule 6), and (c) provided for in Rule 17Ad–6 (17 CFR respondents, including through the use business conduct, books and records, 240.17Ad–6) and Rule 17Ad–7 (17 CFR of automated collection techniques or supervision, extensions of credit, and 240.17Ad–7) under the Securities other forms of information technology. trading practices (Rule 11); and (4) amozie on DSK30RV082PROD with NOTICES Exchange Act of 1934 (15 U.S.C. 78a Consideration will be given to deletion of Chapters I—XVI and the et seq.) (‘‘Exchange Act’’). The comments and suggestions submitted in rules contained therein. The proposed Commission plans to submit this writing within 60 days of this rule change was published for comment existing collection of information to the publication. in the Federal Register on March 13, An agency may not conduct or 5 Id. sponsor, and a person is not required to 1 15 U.S.C. 78s(b)(1). 6 17 CFR 200.30–3(a)(31). respond to, a collection of information 2 17 CFR 240.19b–4. VerDate Sep<11>2014 18:12 Apr 30, 2018 Jkt 244001 PO 00000 Frm 00089 Fmt 4703 Sfmt 4703 E:\FR\FM\01MYN1.SGM 01MYN1

19128 Federal Register / Vol. 83, No. 84 / Tuesday, May 1, 2018 / Notices 2018.3 The Commission received no ‘‘Exchange’’) filed with the Securities Mechanism 6 (‘‘PIM’’) Orders for Market comments on the proposed rule change. and Exchange Commission Makers, Non-Nasdaq ISE Market Makers Section 19(b)(2) of the Act 4 provides (‘‘Commission’’) the proposed rule (FarMM), Firm Proprietary 7/Broker that, within 45 days of the publication change as described in Items I and II Dealers,8 Professional Customers, and of notice of the filing of a proposed rule below, which Items have been prepared Priority Customers; 9 and (iii) increase change, or within such longer period up by the Exchange. The Commission is the amount assessed to a Member, other to 90 days as the Commission may publishing this notice to solicit than for a Priority Customer, that designate if it finds such longer period comments on the proposed rule change executes an average daily volume to be appropriate and publishes its from interested persons. (‘‘ADV’’) of 12,500 or more contracts in reasons for so finding or as to which the the PIM. self-regulatory organization consents, I. Self-Regulatory Organization’s Statement of the Terms of Substance of Taker Fees the Commission shall either approve the proposed rule change, disapprove the the Proposed Rule Change The Exchange proposes to increase proposed rule change, or institute The Exchange proposes to amend Regular Order Taker Fees for Market proceedings to determine whether the ISE’s Schedule of Fees at Section I, Makers, Non-Nasdaq ISE Market Makers proposed rule change should be entitled ‘‘Regular Order Fees and (FarMM) and Professional Customers. disapproved. The 45th day after Today, a Market Maker is assessed a Rebates.’’ publication of the notice for this $0.44 per contract Taker Fee for Regular The text of the proposed rule change Orders. The Exchange proposes to proposed rule change is April 27, 2018. is available on the Exchange’s website at The Commission is extending this 45- increase the Market Maker Taker Fee to http://ise.cchwallstreet.com/, at the $0.45 per contract. Today, Non-Nasdaq day time period. principal office of the Exchange, and at The Commission finds that it is ISE Market Makers (FarMM) and the Commission’s Public Reference Professional Customer are assessed a appropriate to designate a longer period Room. $0.45 per contract Taker Fees for within which to take action on the proposed rule change so that it has II. Self-Regulatory Organization’s Regular Orders. The Exchange proposes sufficient time to consider the proposed Statement of the Purpose of, and to increase the Non-Nasdaq ISE Market rule change. Accordingly, the Statutory Basis for, the Proposed Rule Makers (FarMM) and Professional Commission, pursuant to Section Change Customer Taker Fees to $0.46 per 19(b)(2) of the Act,5 designates June 11, contract. The Exchange will continue to 2018 as the date by which the In its filing with the Commission, the assess a Firm Proprietary/Broker Dealer Commission shall either approve or Exchange included statements a Taker Fee of $0.46 per contract and disapprove or institute proceedings to concerning the purpose of and basis for assess a Priority Customer a $0.44 per determine whether to disapprove the the proposed rule change and discussed contract Taker Fee. proposed rule change (File Number SR– any comments it received on the Fees for Reponses to PIM Orders NYSENAT–2018–02). proposed rule change. The text of these statements may be examined at the The Exchange proposes to increase For the Commission, by the Division of places specified in Item IV below. The Fees for Reponses to PIM Orders for all Trading and Markets, pursuant to delegated market participants. Today, a Market Exchange has prepared summaries, set authority.6 Maker, Non-Nasdaq ISE Market Maker forth in sections A, B, and C below, of Eduardo A. Aleman, (FarMM), Firm Proprietary/Broker the most significant aspects of such Assistant Secretary. statements. Dealer, Professional Customer, and [FR Doc. 2018–09110 Filed 4–30–18; 8:45 am] Priority Customer are assessed a Regular BILLING CODE 8011–01–P A. Self-Regulatory Organization’s Order Fee for Responses to PIM Orders Statement of the Purpose of, and of $0.20 per contact. The Exchange Statutory Basis for, the Proposed Rule proposes to assess all market SECURITIES AND EXCHANGE Change participants a Regular Order Fee for COMMISSION 1. Purpose Responses to PIM Orders of $0.25 per [Release No. 34–83104; File No. SR–ISE– contact. 2018–37] The purpose of the proposed rule change is to amend the ISE Schedule of 6 The Price Improvement Mechanism is a process Fees at Section I, entitled ‘‘Regular by which an Electronic Access Member can provide Self-Regulatory Organizations; Nasdaq price improvement opportunities for a transaction ISE, LLC; Notice of Filing and Order Fees and Rebates.’’ This proposed wherein the Electronic Access Member seeks to Immediate Effectiveness of Proposed rule change is intended to make changes facilitate an order it represents as agent, and/or a Rule Change Relating to Regular Order to: (i) Increase Taker Fees for Market transaction wherein the Electronic Access Member Makers,3 Non-Nasdaq ISE Market solicited interest to execute against an order it Fees and Rebates represents as agent (a ‘‘Crossing Transaction’’). See Makers 4 (FarMM) and Professional ISE Rule 723. April 25, 2018. Customers; 5 (ii) increase Fees for 7 A ‘‘Firm Proprietary’’ order is an order Pursuant to Section 19(b)(1) of the Responses to ISE’s Price Improvement submitted by a Member for its own proprietary Securities Exchange Act of 1934 account. See Preface to ISE Schedule of Fees. 8 ‘‘Broker-Dealer’’ order is an order submitted by (‘‘Act’’),1 and Rule 19b–4 thereunder,2 3 ‘‘Market makers’’ refers to ‘‘Competitive Market a Member for a broker-dealer account that is not its notice is hereby given that on April 11, Makers’’ and ‘‘Primary Market Makers’’ collectively. own proprietary account. See Preface to ISE 2018, Nasdaq ISE, LLC (‘‘ISE’’ or See ISE Rule 100(a)(28). Schedule of Fees. 4 A ‘‘Non-Nasdaq ISE Market Maker’’ is a market amozie on DSK30RV082PROD with NOTICES 9 A ‘‘Priority Customer’’ is a person or entity that 3 See Securities Exchange Act Release No. 82819 maker as defined in Section 3(a)(38) of the is not a broker/dealer in securities, and does not Securities Exchange Act of 1934, as amended, place more than 390 orders in listed options per day (March 7, 2018), 83 FR 11098 (March 13, 2018). 4 15 U.S.C. 78s(b)(2). registered in the same options class on another on average during a calendar month for its own options exchange. See Preface to ISE Schedule of beneficial account(s), as defined in Nasdaq ISE Rule 5 Id. Fees. 100(a)(37A). Unless otherwise noted, when used in 6 17 CFR 200.30–3(a)(31). 5 A ‘‘Professional Customer’’ is a person or entity the Schedule of Fees the term ‘‘Priority Customer’’ 1 15 U.S.C. 78s(b)(1). that is not a broker/dealer and is not a Priority includes ‘‘Retail’’ as defined in the Schedule of 2 17 CFR 240.19b–4. Customer. See Preface to ISE Schedule of Fees. Fees. See Preface to ISE Schedule of Fees. VerDate Sep<11>2014 18:12 Apr 30, 2018 Jkt 244001 PO 00000 Frm 00090 Fmt 4703 Sfmt 4703 E:\FR\FM\01MYN1.SGM 01MYN1


Document Created: 2018-05-01 00:23:41
Document Modified: 2018-05-01 00:23:41
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
FR Citation83 FR 19127 
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR